A home has sold for about $30 million in one of Sydney’s most prestigious streets, Wolseley Road in Point Piper.

Sydney property insiders reported four buyers, both locally based and offshore, were interested in the waterfront home. It was part of the late Peter and Ruth Simon’s estate. The couple, who owned electrical switch manufacturer
HPM
, paid about $12 million for it in 1996. It has six bedrooms, eight bathrooms, a self-contained apartment, ­cellar and a lift.

The north-facing home has views across Sydney Harbour, taking in the bridge and Opera House. It was designed by Gergely & Pinter, who are designing the home of Chinese princeling
Zeng Wei
on the nearby site of ­historic Craig-y-Mor, demolished last week. The property was listed with Sotheby’s International agents Michael Pallier and Matt Ratcliffe, who was understood to have been quoting $30 million for the property.

Mr Pallier confirmed the sale but would not comment on the price nor the buyer. He said the property sold after about six weeks on the market and the solid interest reflected a healthy top-end sector with plenty of wealthy buyers looking to spend big on harbour views.